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Europe's Ungainly Banking Revolution. CEPS Commentaries, 24 March 2014

Gros, Daniel (2014) Europe's Ungainly Banking Revolution. CEPS Commentaries, 24 March 2014. [Policy Paper]

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    Abstract

    In assessing the compromise agreement reached on March 20th on how to deal with banks in difficulty in the eurozone, Daniel Gros finds that the Single Resolution Fund represents an awkward step in the right direction in that it leaves as many problems unresolved as it addresses. But the end result is likely to be quite strong, because it establishes a key innovation: a common fund that effectively mutualises much of the risk resulting from bank failures.

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    Item Type: Policy Paper
    Uncontrolled Keywords: Single Revolution Fund.
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > economic and financial affairs > Single Market > capital, goods, services, workers
    EU policies and themes > Policies & related activities > economic and financial affairs > monetary policy
    EU policies and themes > Policies & related activities > economic and financial affairs > financial crisis 2008-on/reforms/economic governance
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Centre for European Policy Studies (Brussels) > CEPS Commentaries
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 01 Apr 2014 12:00
    Number of Pages: 125
    Last Modified: 01 Apr 2014 12:04
    URI: http://aei.pitt.edu/id/eprint/50121

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